News

SEC awards US$500,000 to latest whistleblower; invites others to join in

The U.S. Securities and Exchange Commission today announced a half-million dollar award to someone it described only as "an overseas whistleblower," whose "expeditious reporting" helped it to "bring a successful enforcement action."

July 23, 2019
News

Canadian court is latest to reject FATCA legal challenge

A Federal Court in Ottawa on Monday dismissed the latest legal effort by two dual Canadian/U.S. citizens to block Canada’s implementation of the U.S.’s Foreign Account Tax Compliance Act, dealing a blow to thousands of Americans with dual citizenship and consequent tax obligations not just in Canada but, supporters of…

July 23, 2019
Tax
By Helen Burggraf

Get professional advice to avoid risk of a ‘Boris’, U.S. expats in U.K. warned

Boris Johnson, who today was named to succeed Theresa May as Britain’s prime minister, is well known to Londoners for myriad reasons, including having unofficially lent his name to a bicycle-sharing scheme (“Boris bikes”) that was launched in 2010, and with which he, a keen cyclist himself, was associated.

July 23, 2019
Tax
By Helen Burggraf

Above, some of the more than 150 Accidental Americans Association members who took part in a demonstration last November, during President Trump's visit to France

'Accidentels' reel but vow to fight on, as France's Conseil d'Etat rules in support of current FATCA regime

So-called "Accidental Americans" in France and elsewhere in Europe expressed disappointment, and in some cases dismay, after France's top administrative court ruled that the current regime under which France provides information to the U.S. under its controversial Foreign Account Tax Compliance Act could stand, and didn't need changing or to…

July 20, 2019
Tax
By Helen Burggraf

Monte Silver counters IRS ‘dismiss’ motion in U.S. Court

Israel-based U.S. tax attorney Monte Silver has formally countered the Internal Revenue Service’s motion earlier this month to dismiss his and his company's ongoing lawsuit that challenges a key component of President Trump's December 2017 tax reform legislation.

July 16, 2019
News

Andersen Global plants its first 'Andersen' flag in British soil

Andersen Global, the San Francisco-based organization of tax and legal services firms founded by Andersen Tax LLC, said Tuesday that it has at last planted a flag bearing the Andersen Tax name in British soil, as a tax partnership in London has adopted the Andersen name, and formally joined the global…

July 9, 2019
News

Saranac Lake, New York, after which Saranac Partners is named

London's Saranac Partners latest to unveil wealth management biz for U.S. expats

Saranac Partners, a Mayfair, London-based wealth manager for private clients and high-net worth individuals founded in 2016, has become the third London-based wealth manager in a month to unveil a wealth management service for U.S. expatriates.

July 9, 2019
News

More than 1 in 5 U.S. expats 'seriously considering renouncing': Greenback Tax survey

More than one in five U.S. expatriates surveyed by Greenback Expat Tax Services, a major provider of U.S. expat-focused tax services, say they are "seriously considering renouncing their citizenship." And almost four in 10 of those saying they are considering renouncing cited the tax burdens they face as a result…

July 6, 2019
News

Dems Abroad U.K. plans major 'Tax Day' for October

The Democrats Abroad U.K. has unveiled plans for what it says will be its first-ever "Tax Day," set to take place on the first Saturday in the month of October, and says it's lined up a number of well-known American tax and wealth experts to participate.

July 4, 2019
News

IRS responds to Transition Tax lawsuit with 'Motion to Dismiss'

The Internal Revenue Service has moved to dismiss a lawsuit brought five months ago by Israel-based U.S. tax attorney Monte Silver – which challenged a key component of President Trump's December 2017 tax reform legislation as it applies to controlled foreign corporations – on grounds that Silver and his fellow…

July 3, 2019
Tax
By Helen Burggraf

Monte Silver: TCJA still a major problem, but some progress seen in recent GILTI revisions

President Trump's Tax Cuts and Jobs Act 2017, which took effect on Jan. 1, 2018, has been a huge issue for many Americans who own as little as 10% of a small overseas business. Caught up in a clumsy legislative effort aimed at such large multi-national American companies as Google and…

July 2, 2019
Tax
By Monte Silver

News

SEC awards US$500,000 to latest whistleblower; invites others to join in

Canadian court is latest to reject FATCA legal challenge

Get professional advice to avoid risk of a ‘Boris’, U.S. expats in U.K. warned

'Accidentels' reel but vow to fight on, as France's Conseil d'Etat rules in support of current FATCA regime

Monte Silver counters IRS ‘dismiss’ motion in U.S. Court

Andersen Global plants its first 'Andersen' flag in British soil

London's Saranac Partners latest to unveil wealth management biz for U.S. expats

More than 1 in 5 U.S. expats 'seriously considering renouncing': Greenback Tax survey

Dems Abroad U.K. plans major 'Tax Day' for October

IRS responds to Transition Tax lawsuit with 'Motion to Dismiss'

Monte Silver: TCJA still a major problem, but some progress seen in recent GILTI revisions

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Acronyms

'Accidental Americans' group launches 'major' letter-writing campaign targeting Congressional Dems

Congressman Holding to discuss ‘Tax Fairness for Americans Abroad’ bill in London in April

Call for expats to be included in U.S. coronavirus relief efforts, as citizenship-based tax regime faces test

UK MP vows to continue speaking out on behalf of ‘accidental Americans’ living in Britain

Charles Schwab telling clients in UK, Europe their accounts must move or be transferred by year’s end

U.S. Citizenship and Immigration Services to close all but seven of its overseas offices

Accidental Americans latest: French banks warn of potential need to close 40,000 accounts

‘Dem sponsor needed’ for expat tax fairness bill, Rep. Holding tells London gathering

U.S. government report acknowledges problems with FATCA reporting

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